ABP’s Port of Newport Invests in Atlantic Shed
- Business & Finance
Associated British Ports’ (ABP) Port of Newport is to invest £2.5m refurbishing its Atlantic Shed warehouse to provide additional covered space for its growing steel and bulks business.
The project takes the total for new investment by ABP in the docks at Newport to more than £10m in the past 18 months.
The programme of expenditure is a demonstration of the bright future of the port, which marks 100 years since the completion of the landmark South Dock and Lock with a celebration in July.
The Atlantic Shed project will provide 7,200 square metres of covered storage, principally for the steel business, as well as project and break-bulk cargoes.
Formerly used for ship building, the historic site is just the latest in the port to receive fresh investment. In recent months ABP has spent £1.1m on quay strengthening works, £1.7m on a new rail bridge and £1.6m on a Mobile Harbour Crane.
There has also been extensive investment in sustainable energy in the port, with a new £300,000 solar array and a further £3m being spent on a 125m tall, 2.3 mw wind turbine, which together will help supply a significant amount of the power required to operate the port.
Chris Green, Assistant Port Manager, South Wales, said: “The volume of steel handled across our quayside is increasing, as are other aspects of the business such as general cargo, forest products and animal feed. We are committed to ensuring our facilities keep pace with that growth and give our customers room to grow their operations.
“I’m proud to say that as we celebrate the centenary of one of the biggest developments in the port’s history, the completion of the South Dock and Entrance Lock, we continue to invest in the port’s future prosperity.“
Press Release, July 10, 2014